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Queensland property market experiences high-end sales

August 20, 2012

The Queensland residential property market has experienced a recent spike in high-end sales, with five homes fetching prices of more than $1 million each in the last month.

According to a Fairfax report, homebuyers were showing a renewed interest in the luxury property market, with houses in Castle Hill, North Ward and Townsville city selling for more than $1 million apiece, as well as one dwelling achieving a $2 million settlement.

Julie Mahoney of Harcourts Townsville, said the latest activity showed that buyers were turning towards higher-value homes in the search for their dream dwelling.